CB&I Announces Multiple Petrochemical Technology Awards in China

THE WOODLANDS, Texas, April 6, 2017 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded multiple technology contracts by Tianjin Bohua Chemical Development Co. Ltd. for a grassroots petrochemicals plant to be built in Tianjin, China. The scope of work includes the license and engineering design of an ethylbenzene unit, a methanol to olefins (MTO) light olefins recovery unit and a polypropylene unit. The 530 kta ethylbenzene unit and MTO light olefins unit will use CB&I's proprietary technologies, and the single-line 300 kta polypropylene unit will use CB&I's Novolen^® gas-phase polypropylene technology for the production of full range polypropylene products, with a focus on high-end impact copolymers.

"CB&I looks forward to strengthening our relationship with Tianjin Bohua by providing three petrochemical technologies from our portfolio to their complex," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "This multi-technology award is another example of how CB&I's technology solutions are best serving the demand in China."

About CB&I
CB&I (NYSE:CBI) is a leading provider of technology and infrastructure for the energy industry. With over 125 years of experience and the expertise of more than 40,000 employees, CB&I provides reliable solutions to our customers around the world while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.CBI.com. 

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Investors: Scott Lamb, +1 832 513 1068, [email protected] 
Media: Gentry Brann, +1 832 513 1031, [email protected]

SOURCE CB&I

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